Monday, August 4, 2008

Buyouts vs. Layoffs: Reputations behind Most Cash Options

From the Daily News Journal (August 3, 2008): According to David Penn, director of MTSU's Business and Economic Research Center, "'It's in (the company's) long-run interest to treat their employees well.' Essentially, 'it's about being a good corporate citizen and being smart, and about looking in the long run on how you want to treat your employees.' That said, employees who take a buyout won't affect the unemployment ratings if they retire for a year or two — at least not immediately, said Penn. 'It'll be interesting to see how many voluntarily take the buyout.'" (more)